Tan Family Education Foundation
- Assets
- $8.9m
- Revenue
- $705.5k
- Investments
- $8.6m
- Employees
- 0
- Location
- Lincoln, MA
- Founding
- 09/2012
- Data as of
- 12/2023
- EIN
- 45-5413079
Organization Overview
Tan Family Education Foundation is located in Lincoln, MA. The organization was established in 2012. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Tan Family Education Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Tan Family Education Foundation generated $705.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $535.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Tan Family Education Foundation has awarded 88 individual grants totaling $3,595,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kwang Tan Trustee | 1 | $0 | |
Catherine T Chan Trustee | 1 | $0 | |
Larry Tan Trustee | 1 | $0 | |
Irene Yen Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $165,328 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $531,233 |
| Capital Gain Net Income | $531,233 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $8,901 |
| Total Revenue | $705,462 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,820 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $41,112 |
| Total operating and administrative expenses | $60,932 |
| Contributions, gifts, grants paid | $474,750 |
| Total expenses and disbursements | $535,682 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $237,583 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,882,783 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Tan Family Education Foundation has awarded $474,750 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ABA FUND FOR JUSTICE & EDUCATION PURPOSE: UNRESTRICTED CONTRIBUTION | $30,000 |
UNIVERSITY OF SYRACUSE PURPOSE: UNRESTRICTED CONTRIBUTION | $90,000 |
UNIVERSITY OF SAN FRANCISCO SCHOOL OF MEDICINE PURPOSE: UNRESTRICTED CONTRIBUTION | $42,500 |
UNIVERSITY OF CALIFORNIA BERKELEY FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $11,500 |
UNIVERSITY OF ILLINOIS PURPOSE: UNRESTRICTED CONTRIBUTION | $40,000 |
SHIN SHIN EDUCATIONAL FOUNDATION PURPOSE: UNRESTRICTED CONTRIBUTION | $3,750 |